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Innovex Expects Huge Q1 Gains |
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Written by PCD&M staff
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Tuesday, 06 January 2004 |
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MAPLE PLAIN, MN, Jan. 5 - Innovex Inc. expects to report fiscal first-quarter revenues to beat earlier guidance and outpace last year's results by nearly 30%.
In a press release Monday, Innovex said it anticipates reporting
first-quarter revenue of about $44.3 million, up from $41.5 million
sequentially and $34.5 million last year.
First Call projects revenue of almost $44 million for the first quarter.
Innovex attributed the gains to continued strength in flex, liquid crystal display and stacked memory.
The company also said that Allen Andersen will resign from its board
and has submitted his resignation effective Jan. 14 as required by an
earlier agreement.
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